BRVM rises 0.24% as utilities jump 6.4%
The BRVM Composite rose 0.24% to 403.36 points on April 28, while the BRVM-30 gained 0.81% to 190.3 points and utilities surged 6.4% to 142.57 points. Telecommunications added 1.66% to 102.48 points, while consumer staples fell 3.41% to 259.29 points and the main board slipped 0.72% to 280.18 points. On financing, FratMat reports that Ecobank Côte d'Ivoire, Banque Nationale d'Investissement, Bank of Africa Côte d'Ivoire and Coris Bank International Côte d'Ivoire mobilised CFA200 billion to support PETROCI Holding in Baleine Phase 2. Separately, Dabafinance says Ecobank plans to raise $500 million to refinance debt, while Investir au Cameroun reports that Alain and Cyrille Nkontchou are investing CFA56 billion in a solar plant in Angola.
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BRVM Composite rises 0.37% as industrials jump 4.46%
The BRVM Composite rose 0.37% to 481.23 points, while the BRVM Principal gained 1.14% to 367.43 points and the BRVM-30 added 0.53% to 228.95 points. The move was driven by industrials, up 4.46% to 217.55 points, while energy fell 4.51% to 161.78 points and telecommunications advanced 0.84% to 112.03 points. In telecoms, Sonatel featured in several Senegal headlines, strengthening its Gandoul teleport to secure its position against Starlink and Kuiper, according to Capmad, after GCR raised its credit rating to the region’s highest level, according to Dabafinance. Financials rose 0.55% to 234.05 points as the EBRD opened a 15 million euro trade finance line through Ecobank Senegal, which became the first Senegalese bank financed by the institution, according to Capmad and Agence Ecofin.
Sénégal : Sonatel connecte son application Max it au réseau de bus rapides de Dakar - We are Tech
Sénégal : Sonatel connecte son application Max it au réseau de bus rapides de Dakar We are Tech
Sonatel muscle son téléport de Gandoul pour sécuriser sa position face à Starlink et Kuiper - Capmad
Sonatel muscle son téléport de Gandoul pour sécuriser sa position face à Starlink et Kuiper Capmad